Published date: 4 September 2019

Last edited date: 4 September 2019

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 24 May 2019

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Banking and investment services - 66100000

  • Insurance and pension services - 66500000

    • Insurance services - 66510000

    • Financial loss insurance services - 66515410

    • Surety insurance services - 66517200

    • Insurance brokerage and agency services - 66518000

    • Insurance brokerage services - 66518100

Location of contract

Any region

Value of contract

£400,000 to £900,000

Procurement reference

tender_199069/763663

Published date

4 September 2019

Closing date

24 May 2019

Contract start date

18 June 2019

Contract end date

17 June 2021

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Office of the Public Guardian (OPG) is an executive agency of the Ministry of Justice (MoJ) that supports the Public Guardian in discharging his duties.

The OPG expects to put in place a contract for the provision of surety bonds, also called security bonds, to cover the performance of guardians of missing persons.

The aim of the tender is to appoint an insurance broker who will be responsible and accountable for the administration and management of the provision of surety bonds. The broker will be responsible for the procurement exercise to select suitable insurer/ insurers for the provision of surety bonds.

The Guardianship (Missing Persons) Act 2017 (the Act) was passed to assist families and others to look after the property and financial affairs of a person who is missing. The Act, which comes into force in July 2019, empowers the High Court to appoint a guardian to take control of the property or financial affairs of a missing person. Guardians will be required to act in the best interests of the missing person and to ensure they are carrying out their duties accordingly.

The High Court will make an order appointing a guardian, which will specify whether a surety bond is required. The court will decide on the value of the surety. The surety bond is a guarantee to pay any financial losses arising from the guardian's improper performance or failure to exercise their functions.

Guardians will be supervised by the Office of the Public Guardian. The role of the Public Guardian will be similar to his role in the registration and supervision of deputies appointed in respect of persons lacking mental capacity under the Mental Capacity Act 2005.

More information

Attachments

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Additional text

The contract will be a services concession contract. The duration is expected to be two years with the option to extend for two periods of one year (2 + 1 + 1) with an expected start date of June 2019.

The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction.

About the buyer

Contact name

Dashini Ramrous

Address

Ministry of Justice, 1st Floor, 5 Wellington Place
Leeds
LS1 4AP
England

Email

Dashini.Ramrous1@justice.gov.uk